Madison Communities, a multifamily subsidiary of Madison Capital Group, began construction on Madison at Mallard Creek, a 288-unit multifamily community in the Mallard Creek neighborhood in northeast Charlotte, North Carolina.
Located at 2748 Mallard Creek Rd., Madison says the 295,092 square feet community will be divided among twelve three-story walk-up buildings with an average apartment size of about 1,025 square feet.
“We’re delighted to bring another garden-style apartment community with thoughtful amenities and luxury design to the Charlotte market,” said Ryan Hanks, chief executive officer of Madison Capital Group. “Madison at Mallard Creek will serve a need for additional multifamily housing as population and household growth has continued to follow job growth in the region, boosting apartment demand.”
Amenities include luxury unit finishes, an integrated clubhouse with a fitness center, an outdoor lounge, and a resort style pool and pool deck with grilling stations and a fire pit.
Madison says the multifamily development is expected to be completed in 2025.
Madison Capital Group is a vertically integrated real estate investment firm that owns, operates, acquires and develops suburban multifamily properties and self-storage facilities. Madison is active in 13 states has over 2,000 apartment units under development or in planning and owns more than 60 self-storage assets under the Go Store It banner.